[NoWorries]

link Whew! That's a relief.

[FoxV]

One day they will make a period piece Broadway musical about all of this.

they'll call it "Fannie" featuring the hit song "Next Year"

"Next Year, Next Year
I'll be Solvent Next Year
Its only just a year away"

it'll be so popular everybody will be singing it

[venky]

Seriously why not?

Things are gloomy now, but economic cycles happen periodically. There are the added problems of the financial crisis in the US and high energy prices; the housing bubble was anyway more a reason for the current economic turmoil than escalating energy costs.

Economic growth has been reasonably strong most of the decade; I dont see why its a given that we are heading into a perpetual recession from now onwards.

[Twilight]

Seriously why not?

Things are gloomy now, but economic cycles happen periodically.

They do not work themselves out in one year - unless they are manipulated like last time. The tech bubble collapse was not the real thing. We stored up the consequences for the future. So not only are we going to get a real recession, we are going to get two. Maybe three.

Normally we would be looking at the middle of next decade for the first signs of an economic recovery. This time we are going to be attempting a recovery with declining energy availability. Bummer.

[Eli]

This is like saying free beer tomorrow.

[Peleg]

Seriously why not?

Things are gloomy now, but economic cycles happen periodically. There are the added problems of the financial crisis in the US and high energy prices; the housing bubble was anyway more a reason for the current economic turmoil than escalating energy costs.

Economic growth has been reasonably strong most of the decade; I dont see why its a given that we are heading into a perpetual recession from now onwards.

Peak oil is why not. There may be a slight recovery but nothing can stop the reduction in economic growth that will come from oil depletion, simply because all alternatives exploited to the hilt would only replace 30% of our current need for oil. So that means at best once depletion sets in to the tune of 30% we are right back where we were before, except we woul dhave done what was natural and grown even larger as those crash course alternatives gave us a break. The human race will not avoid and will not solve the problem that exponential growth in cheap oil supplies and demand thereof has created.